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Question 3 (19 points) Listen The 2021 financial statements of Canbuild Inc. are presented below (unit measure in thousand). Cash Accounts receivable(net) Inventory Equipment
Question 3 (19 points) Listen The 2021 financial statements of Canbuild Inc. are presented below (unit measure in thousand). Cash Accounts receivable(net) Inventory Equipment Accumulated depreciation equipment Total assets Accounts payable Dividends payable Long-term loan payable Common shares Retained earnings Total liabilities and shareholders' equity Sales revenues Cost of goods sold Depreciation expenses Other operating expenses 2021 2020 30 50 219 120 137 187 175 195 (130) (170) 431 382 75 68 33 24 107 107 110 110 106 73 431 382 1,245 (655) (98) (324) 168 Net income During fiscal year 2021, Canbuild sold a piece of its equipment. The equipment sold had originally cost $153.000.
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